Arabian Cement records 96% fall in profit
Egypt’s Arabian Cement has reported a 96.3 per cent YoY decline in consolidated profits for the first quarter of 2019, declining to EGP5.97m (US$350,284) from EGP162.01m in the...
Egypt
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Vicat can expect higher returns in USA and Brazil
This week Vicat announced its 1Q19 results with a positive turnover increase of 4.7 per cent to EUR600m. It is a good opportunity to take a closer look at this multinational an...
Egyptian cement exports decline in the 2M19
Egyptian cement exports declined in value to US$19m in the first two months of 2019 compared with US$23m of the year-ago period, according to the Export Council for Building Ma...
ASEC renews technical management contract with Beni Suef Cement
ASEC has announced the renewal of its Technical Management contract with Misr Beni Suef Cement Company until December 2023. Entrusted with the technical management of the fi...
Geocycle opens alternative fuel facility in Ain Sokhna, Egypt
Egypt’s Minister of Environment, Yasmeen Fouad, has inaugurated a new waste management and alternative fuel production plant, set up by Geocycle Egypt at Ain Sokhna in the Suez...
Arabian Cement posts 24% revenue increase in 2018
Egypt-based Arabian Cement Co, a subsidiary of Spain’s Grupo Bertolin, posted a 23.6 per cent YoY increase in revenue to EUR168m in 2018. Meanwhile, net profit also advanced 7....
LafargeHolcim to help build Africa's highest tower
LafargeHolcim will play a key role in building Egypt's new capital, currently under construction 45km outside of Cairo. The city will become the country’s new administrative an...
Suez Cement reports impact of wastewater flood
Suez Cement has announced that its Kattameya plant has been seriously affected by the collapse of a soil barrier around one of the wastewater ponds of a treatment station that ...
Whale Rock Cement starts sourcing local clinker
Namibia's Whale Rock Cement, producer of the Cheetah Cement brand, has started to source clinker locally after initially sourcing it from Egypt, according to Zedekias Gowaseb, ...
Sinai Cement records improvement in 2018
Egypt’s Sinai Cement has reported that its standalone loss has narrowed by 13.7 per cent YoY in 2018 to EGP305.89m (US$17.56m), compared to EGP354.73m in the previous year. The...